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Salary arriear

This query is : Resolved 

10 July 2018 SIR,
MY CLIENT GOT SALARY ARRIEAR IN F.Y. 2017-18.
IN earlier year 2015-16 and 2016-17 he not claim LIC in his income tax return.
now when he know that due to arriear he is taxable in f.y. 2015-16. he tell me consider LIC of f.y. 2015-16 as additional deduction in income tax return of f.y. 2017-18 in which he got arriear of salary.

can he cliam lic of earlier year as additional deduction ?

10 July 2018 Yes it can be claimed if it's actually paid during that year.

10 July 2018 LIC premiums due for earlier year paid during current year can be claimed subject to maximum Rs.150000 u/s 80C.

For arrears you can claim relief u/s 89(1) by filling 10E Form.


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